Matt Levine discusses just not buying SpaceX, the Alpha capture gig economy, AI lawyers, the Meta trade school for building data centers, and soccer results risk management.

SpaceX’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall.

CoreWeave Inc.’s stock price has more than doubled since the AI data center operator’s March 2025 initial public offering. Over the same period, the company’s executives have unloaded more than $2.3 billion worth of their own holdings.

BitGo Holdings Inc. soft-pedaled the scope of risks tied to faltering digital asset prices on the cryptocurrency wallet firm’s financials during its initial public offering, a proposed class action said.

Herbert Smith Freehills Kramer is setting its sights on Texas as part of the transatlantic law firm’s plan to double its US revenue to $1 billion in the next five years.

New York is looking to bring its existing guidelines for operating payment stablecoins in line with new federal requirements.

In a bid to maximize participation in a three-month tax amnesty for out-of-state sellers, Illinois published guidance Tuesday meant to help businesses navigate its first-in-the-nation program.

Zipper maker YKK (U.S.A.) Inc. doesn’t seem to have convinced a Georgia Court of Appeals panel at oral arguments Tuesday that it was wrongly penalized for leaving the signature off an application for a tax exemption.

The artwork of Carmen Herrera, an abstract artist who died in 2022 at the age of 106, was incorrectly overvalued by the IRS and, as a result, her estate was assessed a nearly $3.6 million tax bill, according to a petition in US Tax Court.

A new watchdog report on the IRS’s handing of a data-sharing agreement with Immigration and Customs Enforcement undercuts the tax agency’s arguments in court, a new filing by a group suing over the issue said.

Zillow Inc. failed to convince a Pennsylvania appeals court that a county unreasonably charged an excessive fee for property assessment information.

US tech companies say Canada hasn’t gone far enough to quell a trade spat over a domestic content requirement on streaming companies, featuring a 15% funding obligation, while Canadian media groups are vowing to fight to keep the requirement intact.

Maryland created civil penalties for child labor violations that equal penalty amounts found in the federal Fair Labor Standards Act, under a bill that went into effect June 1.

Georgia’s flat withholding rate was reduced following the state’s recent income tax cut, while reporting of tips and overtime will come to the state’s withholding returns in 2027, the state revenue department said June 8.

A Seventh Circuit panel revived a lawsuit against Amazon from former warehouse workers seeking pay for time spent undergoing pre-shift Covid-19 screenings.

Federal workers still in their probationary period left their agencies at a higher rate than all full-time employees last year amid the Trump administration’s push to cut staff, according to a Government Accountability Office study.

California construction company Swinerton Inc. agreed to pay $497,500 to settle a lawsuit over its 401(k) plan’s administrative fees after failing to get the case dismissed last year.

Cognizant Technology Solutions US Corp. agreed to settle a proposed class action challenging the fees charged by its employees’ 401(k) plan.

Edward Hannon joined Kelley Drye & Warren as a partner in its tax and real estate practice groups in Chicago, the firm announced Tuesday.

Critics of the state and local tax deduction cap should accept its constitutionality but push for changes such as eliminating the cap’s marriage penalty, smoothing its phaseout, and requiring the Treasury Department to rationalize the treatment of pass-through entity taxes, Andrew Leahey writes.

Successful data center developers will be the ones who maximize the efficiencies of every state and federal tax program in such a capital-intensive market, Ryan LLC’s Ian Boccaccio and Dane Ware say.

OBBBA restores immediate domestic R&E expensing while reshaping CAMT, BEAT, FDDEI, and R&D credit planning, KPMG practitioners, Natalie Tucker, Kate Abdoo, Seevun Dunckzar, Hogan Humphries, and Alexander Fox state.

Lucy Woodward of Saffery says addressing the UK-US LLC mismatch would be a meaningful improvement, but wider certainty over their prospective UK tax exposure is vital for high-net-worth individuals.

Matt Levine discusses universal basic AI stocks, public markets are the new private markets because of their reliance on private markets, an ETF tax break, and some of the potential of prediction markets.